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via CoinDesk · By CoinDesk Staff

Why a hidden math metric shows bitcoin may be getting too cheap for investors to ignore

BTC

BTC/USDT

$62,618.80

-2.75%

$62,618.80

-2.75%

(24s)

24h Volume

$18,923,562,281.40

24h H/L

$64,478.00 / $62,272.07

Change: $2,205.93 (3.54%)

Long/Short

66.1%

Long: 66.1%Short: 33.9%

Funding Rate

-0.0015%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,654.57

▼ -0.48%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$64,790.26

Resistance 1$62,971.83

Price$62,654.57

Support 1$61,914.37

Support 2$60,472.98

Support 3$59,130.91

Pivot (PP):$62,717.25

Trend:Downtrend

RSI (14):34.2

CoinDesk Staff

(12:02 PM UTC)

1 min read

Reviewed byMichael Roberts

780 views

0 comments

A crucial bitcoin market indicator is signaling that the worst of the crypto crash might be over

The metric shows bitcoin's market price is getting close to its realized fair value after the recent sell-off.

After a massive selloff last week, one of bitcoin's BTC$62,945.93 closely watched onchain metrics is approaching a threshold that has historically marked bear market bottoms.

The metric is…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

CoinDesk Staff · CoinDesk

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